Art, by its very nature, has a personal aesthetic and an existential structure. For this reason, the concept of originality is among the cornerstones of art. The artist accepts to share an original knowledge while transferring his perspective, the world view he created with his own perspective, choices and preferences to his art. At this point, the production and labor value of this valuable treasure also considers a personal value. Dozens of problems have emerged between the art works and the artist, which can be shared and distributed in modern life. At this point, various solution methods and alternatives are produced and cooperation is made on this problem. One of these issues is the understanding of art that comes with Blockchain technology.
Blockchain technology is defined as a data recording mechanism that is suitable for secure sharing as a basic approach and has no centralized structure. The blockchain technology, which constantly updates and develops itself, is known for being a new center for data sharing and various transactions of a common group of participants. These blockchains are able to volume, distribute and encrypt data in a simple and fluent manner, with a variety of cloud services, with transactions from more than one center. All this data is chained and segmented into blocks with cryptographic hashes, perfectly unique identifiers. The most important point here is that it is the only true center of information and transactions. Thanks to this center, it prevents data unauthorized duplication and maximizes data security.
Existing data cannot be changed without the joint agreement and decision of all parties. In this way, fraudulent products are prevented. A blockchain in question can be shared but not modified. In case of any intervention, all participants of the blockchain are warned and necessary interventions are made.
Blockchain and NFT
You, like many, may be wondering what NFT is these days. The abbreviation of the concept of NFT is expressed as “Non Fungible Token”. In fact, NFT, which can also be expressed as a type of cryptocurrency, can represent a valuable asset, unlike other types of cryptocurrencies, apart from classical definitions. For example, commodities that can exist in the digital environment and belong to a person can be classified as NFT. In this sense, NFTs see value as a commodity or product rather than a cryptocurrency. One of the main reasons for their similarities with cryptocurrencies is that NFTs are also connected to a blockchain-based structure such as Bitcoin or Ethereum. NFTs are predominantly from collectible items. For example, playing cards, which were very popular in the past, can be seen as NFT in the digital environment. Another difference of NFT from cryptocurrencies is that each NFT is unique and can be designed differently.
NFT collections, which are offered for sale in the digital environment and attract great attention, include all commodities produced in the virtual environment and on which ownership rights can be obtained. However, the share of digital art in all of this is quite large. The ownership and sale of digital artworks with NFT technology means that artists can evaluate their future works in different ways.
In addition to digital art, famous fashion and accessory brands also transform their products into NFT projects. For example, Jacob & Co. The NFT watch released by the brand made a great impression. The collectors who buy watches as NFT enjoy the pleasure of acquiring the product away from physical wear and risks. In addition, it is possible to protect the goods from risks with their physical condition.
Blockchain and Art
The advantages of NFT’s transformation into a giant market and its decentralization attracted the attention of the art community in particular. Many artists supported blockchain and NFT as it would eliminate the middlemen and have full ownership of the work in the creator. In this sense, the first art group to come to the fore was the illustrators. Artistic content, social messages and drawings containing creativity were released one by one. Although individual works stood out in the beginning, collections were produced thanks to blockchain technology.
Apart from collections, some painters tokenized their own works and sold them as NFT. This has also led to the emergence of a new discussion specific to blockchain and art.
Some artists created their works just for the virtual world. That is, it has put NFTs for sale that have no physical counterpart in the real world. Some of these were sold for millions of dollars, while others did not find their expected value.
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All these developments strengthened the view that blockchain and art cannot come together, and that although decentralized, the works will still be under the control of large companies. Still, some painters continued their work to keep blockchain technology alive. For example, Damien Hirst, one of the most important representatives of contemporary art, started to sell his works as NFT by tokenization. He destroyed the paintings, which are the real equivalent of the NFTs sold, by burning. Thus, the work became the property of its owner only. Hirst burned his painting worth £10m in total after the sales.
Blockchain and Music
The market, which revolves mostly around visuals, has also attracted the attention of the music world. Music producers, who perform their art with sound, just like the illustrators, switched to blockchain with factors such as being more free, full property right, and getting a full reward for their labor. While there are artists who share their new works only on the blockchain, there are also music producers who give virtual concerts with the advent of metaverse technology.
Music NFTs brought many benefits, especially for fans. For example; albums or music that can be bought by paying a serious amount in the real world have become much more affordable. This paved the way for people to collect the works of artists they love and follow. In addition, names such as world-famous DJ 3LAU, one of the biggest supporters of music NFTs, have released albums and songs exclusively for the blockchain.
Music NFTs, which rose under the leadership of important names, started to be adopted more with Music 3.0. Artists believe that with the spread of Music 3.0, the property rights of musicians will improve not only in the virtual world, but also in the real world.
Blockchain and 3D Games
After music and painting, the game industry started to focus on blockchain. Since 99% of these games are based on NFT, NFT transaction volumes also exploded naturally. People started buying various NFTs to experience the games they both invested in and enjoyed. While successful projects offered a serious income to their players, they also gave them the opportunity to earn passive income with DeFi tools regardless of the game.
NFTs in games have a certain rarity just like other NFTs. The rarest NFT has the advanced features in the game, few in number and the capacity to become more valuable in the future. However, in a constantly changing field such as the game in question, as we mentioned at the beginning of the article, different types of NFT have been developed over time, as unchangeable data will create problems for players. One of them, Dynamic NFT, accounts for almost half of its market today. In addition, considering the number of games released in the last year and expected to be released in the coming years, it can be predicted that dynamic NFTs will exceed the number of Static NFTs in 2 years.
Before answering the question “What is dynamic NFT?”, “What is NFT?” Let’s go over the question again. NFT is an immutable token that proves and confirms the uniqueness of a digital asset stored on the blockchain. dNFT or Dynamic NFT, on the other hand, as you can understand from its name, means that the digital asset can change under certain conditions.
Dynamic NFTs, which are the trend of the last period, make it possible to change some parts of the data by adding some parameters to the smart contracts registered in the blockchain. Here, the “with the addition of smart contracts” part is important. That is, not all NFTs containing GIF, 3D, or animation are dNFTs. To be dynamic NFT, the change must be in the metadata contained in the smart contract. The 3D, high quality, creatively designed games that will be announced soon will also make a significant contribution to the collaboration of blockchain and art with the dNFT feature.
The Last Word
In the light of all this information, if it is necessary to reevaluate the concepts of blockchain technology and art, the decentralized registry areas of the blockchain that are suitable for securely sharing can create a new field for technology-based art. Although technology, which is seen as a safe option for the protection of all kinds of enterprises, information and data sharing, stands out in many areas, especially in the field of finance, it also gives hope in other fields. With Blockchain technology, works of art can keep all their information and features in digital environment from the date of creation. During these transactions, the purchase and sale of works and copyright transactions can be arranged in a protected manner without any secondary person or intermediary. The developments that have emerged as a result of blockchain technology and the modernization of art have started to make a name for themselves with new developments aimed at protecting the artist, the work of art and the value of the work. In the light of these developments, authors can go beyond having to reveal their private lives, that is, they have the right to remain anonymous. Access to work-based studies and documents becomes possible only from a single point. The most important development and positive feature of the system is that it can keep the work completely safe thanks to the complex encryption technology. In addition, any decentralized sales points, namely the markets, constitute a safe shopping point for the art and the buyer.
As Ostrich.Club, we want to bring art and artists the value they deserve by creating different, unique and decentralized social media platforms for various art branches as a result of the knowledge acquisitions and researches we have done and some of which we have presented to you.
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